CEBU, Philippines -- Malaysia-listed electronics company Industronics will receive access to an estimated $1 billion in funding from China's State Development & Investment Corporation (SDIC) as part of their collaboration on asset management and capital market services.
Industronics said its agreement with SDIC, a state-owned investment holding company, is in line with plans to acquire 10% of Hong Kong-based asset management and credit company Bluemount Financial Group.
